Rubique

Unsecured Business Loans are extended based on the borrower's financial position, creditworthiness, credit history and general reputation to, self-employed professionals including doctors, engineers, chartered accountants etc., self-employed non-professionals, partnership firms & private limited companies engaged in manufacturing, trading or services industry for variety of purposes including working capital, business expansion, stock up on inventory, expansion of product line, debt consolidation etc.

Eligible Borrower :

  • Proprietorship Firms
  • Partnership Firms
  • Limited Companies.

Key Features :

  • Age: Min 21 Years to Max 65 Years at the end of loan tenure
  • Loan Amount: Rs.1 Lacs onwards (subject to eligibility conditions being met) Assessment Based on Working capital cycle / gap and the turnover
  • Operational History: Min 3 years
  • Profitability: Firm/company should be making cash profits for the last two years
  • Rate of Interest: 16% onwards
  • Loan Tenure: Up to 2 years (can be extended to 4 years on case to case basis)
  • Processing Fees: 2% of the loan amount + service tax as applicable
  • Foreclosure Charges: 4% of the outstanding amount + applicable taxes
  • Co-Applicant / Guarantor: Required on cases to case basis

Documentation :


    Self Employed Professionals & Non-Professionals
  • KYC Documents: Copy of PAN card, address proof, latest photograph, signature verification and proof of contact ability
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificates
  • Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  • Latest 12 months bank statement of Current Account
  • Existing loans sanction letters accompanied with repayment track
  • Business profile on the letterhead of the company

    Partnership Firms
  • Age proof of all the partners in the form of PAN Card Passport or Aadhar Card
  • PAN Card of the firm
  • Residence proof of all the partners, utility bills/ passport/bank statement/ registered rent agreement
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  • Latest 12 months bank statement of the firm and of the partner’s savings bank account
  • Partnership deed
  • Existing Loans Sanction letters accompanied with repayment track
  • Business profile on the letterhead of the firm.

    Companies
  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar card, passport
  • Residence Proof of Directors- Utility bills/passport/bank statement/ registered rent agreement
  • PAN Card of the company
  • Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • MOA AOA List of Directors Share Holding Pattern of the Company
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA
  • Latest 12 months bank statement of Company of all current accounts and the same for Director’s savings bank account
  • Existing Loans sanction letter with repayment track of company and Individual directors
  • Business profile on the letter head of the company
  • Resolution by Board of Directors



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